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Market Report

Atlanta Office Market Report

2Q 2021

Return to Core Office Districts to Define Overall Atlanta Office Market Performance

Atlanta economy steadier than much of nation. Several factors contributed to a “soft landing” for the local market, including reopening timelines and a relatively low cost of living. Minus the states that never had a blanket shutdown, Georgia was among the earliest areas to loosen restrictions related to the COVID-19 pandemic. As residents left densely populated metros in the Northeast and Upper Midwest, Atlanta was a favored destination for remote workers. The population of the metro jumped 2 percent last year, and a stronger gain is projected for 2021. As a result, tech talent has increased significantly in the market. Many of these workers will be hesitant to transition back to their previous locales and opt to remain in the affordable metro.
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